State Street Corp Acquires 95,725 Shares of LanzaTech Global, Inc. (NASDAQ:LNZA)

State Street Corp grew its holdings in LanzaTech Global, Inc. (NASDAQ:LNZA) by 6.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,610,965 shares of the company’s stock after acquiring an additional 95,725 shares during the period. State Street Corp owned 0.81% of LanzaTech Global worth $3,077,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of LanzaTech Global by 8.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 227,627 shares of the company’s stock valued at $435,000 after acquiring an additional 18,391 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in LanzaTech Global by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 756,552 shares of the company’s stock valued at $1,445,000 after purchasing an additional 25,629 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of LanzaTech Global in the third quarter valued at approximately $29,000. SG Americas Securities LLC acquired a new stake in shares of LanzaTech Global in the third quarter worth $72,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of LanzaTech Global in the second quarter worth $92,000. Institutional investors and hedge funds own 17.76% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen dropped their target price on shares of LanzaTech Global from $3.00 to $2.00 and set a “hold” rating on the stock in a report on Monday, November 11th.

LanzaTech Global Price Performance

Shares of NASDAQ:LNZA opened at $1.37 on Wednesday. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 6.64. The business has a 50 day moving average price of $1.36 and a 200 day moving average price of $1.58. The company has a market cap of $270.94 million, a price-to-earnings ratio of -2.11 and a beta of 1.42. LanzaTech Global, Inc. has a twelve month low of $0.84 and a twelve month high of $5.02.

LanzaTech Global (NASDAQ:LNZA) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.16). The company had revenue of $9.94 million during the quarter, compared to analyst estimates of $17.87 million. LanzaTech Global had a negative return on equity of 180.10% and a negative net margin of 223.03%. During the same quarter in the previous year, the business posted ($0.13) EPS. Research analysts predict that LanzaTech Global, Inc. will post -0.63 earnings per share for the current year.

LanzaTech Global Company Profile

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.